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Search resuls for: "Arsh Tushar Mogre"


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☆ India inflation likely hit five month high in Sept on food prices: Reuters poll
  + stars: | 2022-10-11 | by ( Arsh Tushar Mogre | ) www.reuters.com   time to read: +2 min
The Oct. 3-7 Reuters poll of 47 economists suggested inflation - as measured by the Consumer Price Index (INCPIY=ECI) - rose to an annual 7.30% in September from 7.00% the previous month. Some 91% of economists, 43 of 47, expected inflation to be 7.00% or higher, suggesting the bias was for prices to go up further. "There is a strong pressure from food that is playing out," said Dharmakirti Joshi, chief economist at Crisil. The Indian government has introduced measures to calm local prices, including some export restrictions on rice to temper inflation. But consumer prices have remained defiant and stayed above the RBI's upper tolerance limit this year.
☆ RBI to raise rates again, slim majority of economists expect 50 bps hike: Reuters poll
  + stars: | 2022-09-23 | by ( Arsh Tushar Mogre | ) www.reuters.com   time to read: +4 min
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. The RBI has lagged many of its global peers, despite inflation sticking above the top end of its target range of 2-6% all year. Register now for FREE unlimited access to Reuters.com RegisterIn the latest Reuters poll, economists were split five ways on what the RBI will do at its next meeting. Slightly over half, 26 of 51, said the RBI would go for a 50 basis point hike, taking the repo rate to 5.90%. Economists expected growth to average 6.2% and 6.5% over the next two years, the poll showed.
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